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AET, a Singapore-based petroleum logistics unit of Malaysian energy logistics group MISC Berhad, has taken delivery of the second of three Suezmax second-generation dynamic positioning (DP2) shuttle tankers, which are purpose-built for a long-term charter with Shell for operations in Brazil. Following the announcement from 24 February 2022, when AET confirmed the naming of the first... Continue Reading →
The General Superintendence of the Administrative Council for Economic Defense (CADE) approved the sale of control of Gaspetro, currently with Petrobras, to Compass (Cosan group). “In summary, it is understood that the post-operation scenario is better for the competitive environment than the pre-operation scenario, given that –even if it transfers Gaspetro to a single economic... Continue Reading →
Norwegian shipping company Siem Offshore and offshore energy services provider Helix Energy Solutions Group have entered into an agreement for the well intervention vessels Siem Helix 1 and Siem Helix 2. With the new agreement, the total contract backlog for Siem Offshore is now $440 million. The agreement will replace the existing contracts and the... Continue Reading →
(Reuters) - A Brazilian Senate committee requested on Tuesday that Petrobras executives explain to it the state-run oil company's dividend policy, while top ministers met to determine the future of the company's fuel pricing policy. Petroleo Brasileiro SA, as the company is formally known, has been facing intense pressure to abandon its current method of... Continue Reading →
Scana's subsidiary Seasystems, previously known as Scana Offshore, has received a letter of intent to deliver an anchoring system for a Brazil-bound FPSO. The delivery consists of anchoring equipment such as chain stops, jacks, and winches. Scana said that the FPSO for the project would be rebuilt in Asia, with the integration of the mooring... Continue Reading →
(PN) Pre-salt production hit new records in January, according to the National Petroleum Agency (ANP). The agency said that production has reached historic levels both in volume and in percentage of total Brazilian production. Altogether, the pre-salt produced 2.912 million barrels of oil equivalent per day in January, of which 2.292 million barrels a day... Continue Reading →
(Reuters) - Brazilian President Jair Bolsonaro on Monday threw his weight behind measures to tamp down domestic fuel prices after the Ukraine conflict sent oil prices to their highest levels since 2008, adding to pressure on state-run oil company Petrobras. A government official told Reuters on condition of anonymity that the Bolsonaro administration is studying... Continue Reading →
(PN) OneSubsea signed a contract with Enauta for the development of the definitive production system in the Atlanta field, in the Santos Basin. The agreement includes a broad scope of subsea work, with a combined solution covering subsea processing systems, subsea production systems and Christmas Trees. “Through these agreements, we are committed to providing unique... Continue Reading →
(PetroleoHoje) TechnipFMC started the interconnection campaign of the first well of the Mero 1 system to the FPSO Guanabara. The company concluded the work of loading the first batch of rigid lines of the project on the launch vessel Deep Blue from the spoolbase in Porto do Açu, in São João da Barra (RJ), installed... Continue Reading →
(Reuters) - Petroleo Brasileiro SA executives this week will seek government approval to increase wholesale fuel prices at its Brazil refineries, two people close to the discussions told Reuters. Price increases are a sensitive issue in Brazil because of the nation's double-digit inflation rate, and because of elections in October in which President Jair Bolsonaro... Continue Reading →
Brazil Energy Insight 